The Week Ahead: May 3 , 2021: upcoming Client Only webinar, Market Update, The Economy and the Biden Administration Face Tougher Challenges Ahead, COVID-19 update, all this and more in The Week Ahead!
Article By Carson
CURRENT STATE OF THE MARKET
Weekly Market Commentary 05.03.21
GDP Surges After Stimulus, Fed Reiterates Low-Interest Rates
Published by The Carson Group, LLC
U.S. GDP surged an annualized 6.4% in the first quarter (Figure 1). Two rounds of government stimulus helped the economy climb within 0.9% of its all-time high. If expected growth is included, the economy remains 3.7% below pre-COVID trends. Personal income jumped 21.1% from February as a second round of stimulus checks pushed money out to most Americans…Read More
JOIN US THIS WEDNESDAY FOR AN EXCLUSIVE CLIENT-ONLY WEBINAR! *CHANGE OF DATE*
Master Your Retirement
Key Actions To Take To Secure The Retirement You Want
(With a Special Washington Tax Update)
Wednesday, May 5th at 4:15 pm EST
(Note the new date)
Here’s what Debbie will address:
1. 6 things you can do to prepare for Retirement
2. The three core characteristics of an ideal Retirement Portfolio
3. How to help make sure your retirement accounts are on track
4. Are you paying too much in taxes? Is your retirement plan tax-efficient?
5. How to help protect your Retirement Nest Egg against longevity risk, inflation risk, and market risk
RESERVE YOUR DIGITAL FRONT ROW SEAT WITH HAMILTON STAR, LESLIE ODOM, JR.!
In The Room with Hamilton Star, Leslie Odom, Jr.
Thursday, June 17th at 2:00 PM EST
Join us for an exclusive conversation and performance with Grammy and Tony Award-winning Hamilton star, Oscar-nominated actor, and author Leslie Odom, Jr.
On Thursday, June 17, you and your family are invited to join us for an invitation-only conversation and performance with a legend in the making: Leslie Odom, Jr.
Get your digital front-row seat as Leslie shares his journey to success in word and music. His journey was never inevitable, including many setbacks he writes about in his bestselling book Failing Up: How to Take Risks, Aim Higher, and Never Stop Learning.
If you saw Hamilton, the story of American Founding Father Alexander Hamilton, you know that this Grammy and Tony-winner, who played Aaron Burr, can shine on stage. Leslie is shining on the big screen now, with two Academy Award nominations for his role as the legendary Sam Cooke—one of the most influential soul artists of all time—in the movie, One Night in Miami.
Beyond his amazing talent, Leslie is a tremendous example of a person who has leaned on the advice and trust of others in order to break through and realize his potential. This event promises to be an unforgettable experience.
VIRTUAL OFFICE HOURS
FOR CLIENTS, PROSPECTS, FRIENDS & FAMILY
Every Monday from 4:15pm – 5:00pm EST
This is exclusive to clients, prospects, friends, and family who would like 1-on-1 access to Debra Taylor and her opinions on the current state of the markets and how that might impact you and your family!
Debra will begin each session by discussing the markets briefly and then open up the floor to questions from the audience. We hope for this to become a place for people to connect each week and discuss important financial topics on their minds!
Questions can be asked LIVE during office hours or sent to AnnMarie in advance!
Starting Wednesday, May 12th, you are invited to “Tee Off” with Rob Taylor, Senior Wealth Advisor of TFG, at the Ramsey Golf & Country Club!
Each tee time is limited to 3 spots, so please let us know your availability soon so we can secure your spot!
Wednesday, May 12th
Wednesday, May 26th
Wednesday, June 9th
Wednesday, June 30th
12pm-5pm (estimated times and depending on the “19th hole”)
Each Golf Outing offered is assigned on a first-come-first-serve basis so RSVP ASAP!
E-mail AnnMarie at [email protected] to reserve your Wednesday Tee Time with Rob Taylor!
MAY IS CREDIT AND CYBERSECURITY MONTH!
How to Create Ultra-Secure Passwords That Keep Hackers Away
Resource provided by Taylor Financial Group
With data breaches occurring more and more, it is important to protect the personal information stored in online accounts with secure passwords. The majority of passwords do not pass the test. Learn how to create a password that will keep your data safe online…Read More
The Very Best Ways to Prevent Credit Card Fraud
U.S News Article Provided by Taylor Financial Group
Credit card fraud was the most frequent type of fraud reported in 2020, according to the Federal Trade Commission. The total loss due to credit card fraud? A whopping $149 million.
While it’s important to know what steps to take if you’re a victim of credit card fraud, practicing credit card safety from the moment you get a new credit card can go a long way toward credit card fraud prevention…Read More
COVID-19 HEALTH AND WELLNESS
When do we have to wear a mask outside? The C.D.C. says less often, and here’s how and why
The New York Times Article Provided by Taylor Financial Group
The new guidance on mask-wearing from the Centers for Disease Control and Prevention on Tuesday says that masks can be shed for some relatively safe outdoor activities, especially by fully vaccinated people, because the virus does not spread readily outdoors…Read More
Determine how your retirement account compares to what you may need in retirement.
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, For investors, it may feel like déjà vu all over again as inﬂation and the Fed dominate market headlines on a day-to-day basis. After all, the numerous market swings last year were driven by ever-changing expectations around the Fed – …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, If history tells us anything about investing, it’s that markets never rise in a straight line. As much as all investors would prefer calm periods of steady returns, this simply isn’t how markets work. Instead, investors need to n …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, The first month of 2023 is now behind us and it felt very different than 2022. In 2022, the S&P 500 and the Bloomberg U.S. Aggregate Bond Index (“Agg”) both fell, and there was much talk of the demise of the “60/40” portfolio (a portfoli …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, We often discuss how women’s wealth is growing fast and that we are seeing more and more women in our practice with “a seat at the table.” But, the facts are coming in to support these anecdotal observations. Indeed, according to a r …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Now that we are able to close the books on 2022, January is a great time to review major processes and to create a plan for the new year. No question that 2022 was a challenging one for all of us. So here are the “Five must …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Whether you reached your personal goals last year or faced challenges, a New Year brings new opportunities and a fresh start. The Setting Every Community Up for Retirement Enhancement Act of 2019, popularly known as the SECURE Act, was sig …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, SECURE Act 2.0, passed at the end of December, has been described as legislation that is designed to help the hard-working people of America to get their retirement savings back on track. Although it is unclear whether SECURE Act 2.0 will me …
By Debra Taylor, CPA/PFS, JD, CDFA™ Let’s take a brief backward glance at the S&P 500. The S&P 500’s performance in 2022 was its seventh worst since inception and the third worst since 2000. Looking forward, episodic volatlity, muted earnings growth, and a high cost of capital …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, As bad as 2022 has been, there is a silver lining: back-to-back declines in the S&P 500 are rarer than you may think. If you go all the way back to 1950, the only times that stocks fell in back-to-back years were during the vicio …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Although we would like to forget, the S&P 500 and Index posted a double-digit decline in 2022; and history shows that is an important fact when considering how the Index may do in 2023. First, the S&P Index has only been down …